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Monday July 20, 2009
An instrument being built by Northrop Grumman Corporation (NYSE:NOC) for the National Polar-orbiting Operational Environmental Satellite System (NPOESS) has completed a key production milestone, Manufacturing Readiness Review (MRR). The successful MRR clears the way for the company to start manufacturing and production of the Advanced Technology Microwave Sounder (ATMS).
General Dynamics Advanced Information Systems, a business unit of General Dynamics (NYSE: GD), has been awarded a $10.2 million first-year contract of a multi-year award by the U.S. Navy to provide upgrades to the submarine weapons control system (WCS) portion of the AN/BYG-1 submarine combat system. This contract was awarded after a full and open competition.
CDI IT Solutions (CDI), a division of engineering and IT outsourcing leader CDI Corp. (NYSE: CDI), today announced that it will expand its information technology (IT) service center in Cross Lanes, West Virginia, doubling the number of seats in that facility. The HDI-certified and ITIL((R)) compliant IT service desk center of excellence provides level 1 and 2 technical service desk support to its client base throughout the country.
X-Rite, Incorporated (NASDAQ: XRIT), the world leader in color management and measurement technologies, announces an all-new 1.1 software for its award-winning ColorMunki Photo & Design, (www.ColorMunki.com), now expanded to work with more popular design packages. For detailed enhancement highlights click here: www.cjcstrategists.com/resources/cm1-1/highlights.pdf.
People purchasing single family HomeSteps(R) homes as a primary residence will receive a comprehensive two-year home warranty paid for by Freddie Mac (NYSE: FRE) as part of HomeSteps’ SmartBuy sales promotion. In addition, for a limited time, Freddie Mac will pay up to 3.5 percent of the sales price in buyer’s closing costs, potentially saving qualified buyers of HomeSteps homes thousands of dollars in transaction costs.
Nortel(1) Networks Corporation (OTCBB:NRTLQ) today announced that it, its principal operating subsidiary Nortel Networks Limited (NNL) and certain of its other subsidiaries, including Nortel Networks Inc. and Nortel Networks UK Limited, have entered into a “stalking horse” asset and share sale agreement with Avaya Inc. (Avaya) for its North American, Caribbean and Latin America (CALA) and Asia Enterprise Solutions business; and an asset sale agreement with Avaya for the Europe, Middle East and Africa (EMEA) portion of its Enterprise Solutions business for a purchase price of US$475 million. These agreements include the planned sale of substantially all of the assets of the Enterprise Solutions business globally as well as the shares of Nortel Government Solutions Incorporated (NGS) and DiamondWare, Ltd.
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